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Bharat Microfinance Report

Fostering Inclusive Impact Finance

Chapter 3 - Section 3.1

Geographical Spread of Microfinance

Microfinance institutions (MLIs) operate across all 28 States, 5 Union Territories, and 723 districts in India, with data from 217 MLIs covering over 98% of the MLI portfolio. While larger MLIs, particularly NBFC-MFIs, have expanded their operations into more states, smaller "Not for Profit" MLIs tend to remain focused on one or two states, maintaining a regional presence.

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India Country

No. of MLIs operating in Indian States/UTs and No. of districts where MLIs Operated in a State/UT as on March 2024

100 %

0 %

State Wise

0

MLIs Operating in Total

District Wise

0

MLIs Operating in Total

No. of MLIs in Indian States/UTs
Top 10 MLIs Operating in Number of Indian States/Union Territories as on March 2024
Top 10 MLIs Operating in Number of Indian Districts as on March 2024
No. of MLIs operating in Indian States/UTs and No. of districts where MLIs Operated in a State/UT as on March 2024
No. of MLIs in Indian States/UTs
No. of States/UTsFY 22-23FY 23-24

No. of MLIs

110189
2 to 56575
6 to 102628
11 to 1585
> 151320
Top 10 MLIs Operating in Number of Indian States/Union Territories as on March 2024
Lender NameState Count
Satin26
Asirvad25
Satya25
Fusion22
IIFL Samasta22
Annapurna Finance21
Belstar20
Spandana20
Muthoot19
NABFINS19
Svatantra19
Share Microfin18
Arohan17
CreditAccess17
NOCPL17
Sub-K Impact17
L&T Finance16
VFS Capital15
Top 10 MLIs Operating in Number of Indian Districts as on March 2024
Lender NameDistricts Count
Fusion440
Annapurna Finance424
Asirvad417
IIFL Samasta417
Spandana408
Satin405
CreditAccess383
Muthoot353
Svatantra333
Satya327
L&T Finance313
No. of MLIs operating in Indian States/UTs and No. of districts where MLIs Operated in a State/UT as on March 2024
State/UTNo. of MLIs operating in the State (including those having Head Quarters outside)No. of districts of the state where MLIs operateNo. of Branches
Bihar66384194
Tamil Nadu78384187
Uttar Pradesh74744131
Karnataka44312972
Madhya Pradesh66542501
West Bengal48232280
Odisha49302048
Maharashtra53362004
Rajasthan55481964
Gujarat39321189
Jharkhand41241070
Chhattisgarh4131962
Kerala3714923
Haryana4622705
Punjab2623542
Assam2933511
Andhra Pradesh1927360
Telangana1629238
Uttarakhand2912230
Tripura188191
Puducherry28481
Himachal Pradesh141169
Manipur121351
Jammu & Kashmir61047
Arunachal Pradesh72043
Goa12234
Nagaland2833
Delhi121028
Meghalaya11620
Sikkim7418
Mizoram6612
Andaman & Nicobar213
Chandigarh313